When are the tax returns and minimum tax due?
Quarterly Taxpayers. Returns are due the tenth (10th) day of the second month following each tax period (1st quarter - May 10, 2nd quarter - Aug. 10, 3rd quarter - Nov. 10, 4th quarter - Feb. 10). Beginning in 2010, the annual minimum tax is paid with the 1st quarter return. For the 2006 calendar year, the minimum tax of $150 was due May 10, 2006. For 2007 - 2009, the annual minimum tax for those years was due by Feb. 9 of that year as part of the prior year's 4th quarter return. Beginning in calendar year 2010, the $150 annual minimum tax is due May 10 of each year with the 1st quarter return.
Annual Taxpayers. Beginning in 2010, annual returns and the $150 annual minimum tax are due in May of each calendar year (i.e., May 10). For the 2006 calendar year, the minimum tax for that year of $150 was due May 10, 2006. For the 2007 and subsequent years, the minimum tax for that year is paid on the prior year's annual return. For 2007 - 2009, the annual minimum tax was due on Feb. 9, but in 2010 the due date moved to May 10.
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